# A $202 Billion Treasury Settlement Lands on September 30 With Funding Markets Still Calm

Coupon supply hits the quarter-end date when bank balance sheets are least willing to absorb it, and overnight repo rates are the first place strain would appear.

- Published: 2026-09-28T05:43:34.972Z
- Canonical: https://polylog.news/crypto/2026-09-28/a-202-billion-treasury-settlement-lands-on-september-30-with
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CryptoSlate](https://cryptoslate.com/a-202-billion-u-s-treasury-settlement-hits-september-30-and-it-could-trigger-a-surprise-move-in-bitcoin/), [Polylog editors](https://polylog.news)

Around $202 billion of United States Treasury coupon issuance settles on September 30, the final day of the quarter. Settlement drains cash from buyers into the Treasury's account, and quarter-end is when dealers shrink balance sheets for r…

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